Category Archives: world-wide economy

U.S. is leader of the pack — in poverty rates

Posted on April 10, 2012 by oddmanout215

In an article in Boston Review, Paul Osterman notes that income inequality in the United States is much greater than in northern Europe, and that the situation here could improve if our government focused on raising and enforcing labor standards, … Continue reading →

Posted in economic collapse, globalization, Great Recession, Occupy Wall Street, unemployment, world-wide economy | Tagged , , , | 2 Comments

Serfin’ USA (the new feudalism)

Posted on February 22, 2012 by oddmanout215

Did Cameron Diaz go under the knife? Will the stars of Hangover 3 score big pay increases? These are the questions that try journalists’ souls. Meanwhile, in another world, in a piece called “Is Market Capitalism Dead?,” Columbia Prof. Thomas … Continue reading →

Posted in economic collapse, globalization, mainstream media, Mitt Romney, New York Times, unemployment, Wall Street, world-wide economy | Tagged , , , , , | 1 Comment

The Facebook bubble

Posted on February 2, 2012 by oddmanout215

A massive con job may be in progress in the form of the coming Facebook IPO, which will supposedly value the company somewhere in the vicinity of $75 billion to $100 billion. From DJ Pangburn of Death and Taxes: … … Continue reading →

Posted in Wall Street, world-wide economy | Tagged , , | 2 Comments

Slave labor is good for business

Posted on January 24, 2012 by oddmanout215

A depressing piece in the Sunday New York Times re-explained why the U.S. is losing huge numbers of manufacturing jobs, but it didn’t mention how we can hope to reverse this trend if our biggest corporations continue to work with … Continue reading →

Posted in economic collapse, environmentalism, globalization, mainstream media, New York Times, Obama, unemployment, world-wide economy | Tagged , , | 1 Comment

Japan’s job-killing robots

Posted on December 29, 2011 by oddmanout215

You thought Godzilla was scary? Wait until Nextage emerges fully grown from Japan: Japanese firm Kawada Industries is on the leading edge of a growing industry that threatens to become a major disruptive force in the coming years: automated labor. … Continue reading →

Posted in unemployment, world-wide economy | Tagged , , , | 2 Comments

Joe Conason, meet Karl Rove

Posted on December 24, 2011 by oddmanout215

A resolution for 2012: Don’t read opinion pieces by knee-jerk Obama supporters who profess to be liberals. Their stuff is as propagandistic as the garbage that streams from the right in support of Newt and Mitt and the dimmer Republican … Continue reading →

Posted in mainstream media, Mitt Romney, Obama, Politics, Wall Street, world-wide economy | Tagged , , , , , | 2 Comments

Victoria loved them all, including Iran

Posted on December 4, 2011 by oddmanout215

People who follow the news in a superficial way may have read about the storming of the British Embassy in Tehran and said “There they go again, those wild-eyed Islamic radicals. Something should be done about them.” So it was … Continue reading →

Posted in arts, history, mainstream media, Politics, world-wide economy | Tagged , , , , | 1 Comment

Austerity measures = medieval bleeding

Posted on November 30, 2011 by oddmanout215

Millions are protesting in Britain, and it’s no wonder — the government is making an already sick economy even sicker. Paul Krugman provides a good analogy: … History says that a financial crisis reduces long-run growth potential if policymakers don’t … Continue reading →

Posted in economic collapse, Great Recession, Occupy Wall Street, Politics, taxes, The New Depression, unemployment, world-wide economy | Tagged , | 1 Comment

On lies and the lying liars quoted in the NYT

Posted on October 18, 2011 by oddmanout215

I was going to post some comments on a New York Times story in which Wall Street types were asked to comment on the Occupy Wall Street movement. Thankfully, NYT columnist Paul Krugman beat me to it: On Saturday The … Continue reading →

Posted in economic collapse, globalization, Goldman Sachs, Great Recession, mainstream media, New York Times, Politics, The New Depression, unemployment, Wall Street, world-wide economy | Tagged , , , | 1 Comment

Elected Dems to protesters — we’re with you, sort of

Posted on October 17, 2011 by oddmanout215

Chris Hedges, plainly stating why “liberal” has become a dirty word not only to right-wingers but to many thinkers and activists on the left: Tinkering with the corporate state will not work. We will either be plunged into neo-feudalism and … Continue reading →

Posted in Congress, economic collapse, Goldman Sachs, Great Recession, mainstream media, Politics, The New Depression, unemployment, Wall Street, world-wide economy | Tagged , , , , | 2 Comments